AUCTION: 4 X INDUSTRIAL UNITS, GEORGE
Event Details
SOLD ON AUCTION
Duly authorised, we will sell by PUBLIC AUCTION WITH WEBCAST FACILITY
4 X SECTIONAL TITLE INDUSTRIAL UNITS IN TAMSUI INDUSTRIA, GEORGE
Auction date: Wednesday, 20 November 2024 @ 11:00
Venue: For on-site bidding, join us at our office in George, van Rensburgs Auctions, 7 Saffier Crescent, Tamsui Industria, George
Online bidding: Webcast facility available for online bidding at https://online.vanrensburgsauctions.co.za/#!/
Download the AUCTION BROCHURE by clicking on the link: AUCTION BROCHURE
*Please note: info can be added and amended without notice
Located in the well exposed industrial complex situated on the corner of PW Boulevard and Pearl Street in Tamsui Industria, George. This sectional title complex consists of 11 units in total, with the landmark Der Lederhandelar factory as the anchor unit. Tamsui Industria is sought-after due to its close location to York Street and the N2.
Auction procedure:
The 4 units will be auctioned as follows:
- LOT 1 – Unit 1 (110sqm)
- LOT 2 – Units 2, 3 and 4 (110sqm x 3). These units have interleading doors and interior access to certain units.
- LOT 3 – All 4 units together (starting bid will be the sum total of Lot 1 + Lot 2).
Preliminary rental schedule
Unit 1
- 110m²
- Tenant: Five Star Fish Inn Fruit & Veg
- Rent pm: R 7 678 (excl VAT)
- Lease expiry: 31/08/2025
- Electricity: 3-phase, 60 Amp
Unit 2
- 110m²
- Tenant: Vacant
- Electricity: 3-phase, 60 Amp
Unit 3
- 110m², of which 50% (±55m²) is rented
- Tenant: Why Not Take-aways
- Rent pm: R 8 656 (excl VAT) (total rent for Unit 4 and 50% of Unit 3)
- Lease: 01/11/2022 – 31/10/2025
- Electricity: 3-phase, 60 Amp
Unit 4
- 110m²
- Tenant: Why Not Take-aways
- Rent pm: R 8 656 (excl VAT) (total rent for Unit 4 and 50% of Unit 3)
- Lease expiry: tbc
- Electricity: 3-phase, 60 Amp
Click on the link to view the LG diagram of Sections / Units 1 – 4: LG Diagram
Summary of Auction Conditions of Sale
• Purchaser pays 10% deposit & 7% commission (plus VAT) on day of auction.
• There will be a period for higher offers after the auction. One confidential higher offer per purchaser is allowed after the auction, which will close on 22 November 2024 at 12:00 noon. Any offer made after the auction will only be regarded as a valid offer if the deposit and auctioneer’s commission have been paid and cleared into the auctioneer’s bank account and the offeror has signed the Conditions of Sale before November 22nd at 12:00 noon. The sale shall be subject to confirmation by the Seller by 25 November 2024; however the Seller may accept or decline the offer before 25 November 2024.
• The highest bidder will be held bound to his bid until 25 November 2024.
• Balance of the purchase price is payable against registration of transfer.
• The Purchaser shall within 30 days of acceptance of this offer by the Seller, furnish the Seller’s Conveyancers with a guarantee by a registered financial institution and acceptable to the Seller, for the payment of the balance of the purchase price.
• VAT payable by the purchaser on the purchase price.
• OCCUPATION and POSSESSION of the property shall be given by the Seller to the Purchaser on the date of registration of transfer into the name of the Purchaser, when all benefit and risk in the property shall pass to the Purchaser.
• All conveyancing work in connection with the transfer of this property shall be effected by the Seller’s attorneys. All costs to the giving and taking of transfer and registration will be paid for by the Purchaser.
• Property sold VOETSTOOTS
• Property sold with lease contracts in place (where applicable)
Enquiries
Daniel van Schalkwyk 083 255 4245
Wiidke Burger 0833 777 390
Office in George 044 878 2877